With the announcement of Dh4.8 billion sukuk and the promise of a gazillion units across Dubai, things are finally looking up for Nakheel.
“It has been a tough 18 months — a period in which we have managed to successfully restructure our debts and the company” were the cherished words to leave Nakheel chairman Ali Rashid Lootah’s mouth late last week, when the company announced a Dh4.8 billion sukuk to its trade creditors to be listed on Nasdaq Dubai..............................................Full Article: Source